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Oanh Phan Acquires Watertown Multifamily From Christopher Pollak For $825K

Property Image
SOLD
$825,000

Massachusetts

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MultiFamily2,100 SF
Sold 12/07/2021
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Property Image
SOLD

Oanh Phan Acquires Watertown Multifamily From Christopher Pollak For $825K

87 Edenfield Avenue, Watertown, Massachusetts 02472, United States

See Similar Deals
MultiFamily2,100 SF
Sold 12/07/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$392
Total Square Footage:2,100 SF
Transaction Type:Sale

Located at 87 Edenfield Ave in Watertown, MA, this multifamily property was recently sold in a closed transaction. The property consists of 2 units, with a total square footage of 2,100. The sale price for this transaction was $825,000, resulting in a price per unit of $412,500 and a price per square foot of $393.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $825,000
  • Units: 2
  • Square Footage: 2,100
  • Price per Unit: $412,500
  • Price per Square Foot: $393

Oanh Phan served as the buyer in this transaction, while Christopher Pollak acted as the seller. Dan Loprete, from Realty Executives, represented the buyer, and Ari Koufos, also from Realty Executives, represented the seller.

Players

Ari Koufos
13 deals$16.2M volume
BROKER

Dan Loprete
Realty Executives
16 deals$14.7M volume
BROKER

Details

SOLD
IMAGE: Dan Loprete & Ari Koufos DATE: 12/07/2021 ADDRESS: 87 Edenfield Ave MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER: Oanh Phan SELLER: Christopher Pollak BUYER'S REP: Dan Loprete (@Dloprete8) - Realty Executives SELLER'S REP: Ari Koufos (@Arikoufos_Realestate) - Realty Executives SALE PRICE: $825,000 UNITS: 2 ~ PPU: $412,500 SF: 2,100 ~ PPSF: $393

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$43,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,931.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,910.92
Annual Debt Service$46,931.05